Tanzania Records Decline in Inflation

September 13, 2013 3:57 pm0 comments by:

Dar- es-salaam– Tanzania has recorded a decline in inflation in the month of August.

Inflation declined, to just 6.7% from the 7.5% that was recorded in the month of July. This has been attributed to the reduction in the price of both food and non-food items.

While addressing a press conference in the capital, Dar el Salaam, the Director of Census and Statistics, Epraim Kwesigabo said the reduction has been propelled by a slump in food and beverage prices from 8.0% in July to 6.5% in August 2013.
Kwesigabo noted that the price increase rate for non-food items has remained static at 7.3% in the month of August similar to the rate posted in July.

“the reduction in price index means that Tanzanians can afford to purchase food, it also means Tanzania is making positive progress economically ’’ Kwesigabo said.

He also pointed out that items that have contributed to the food index slump include Bread and cereals at 2.2%, Maize 1.6%, Wheat flour 0.6%, Cassava flour 0.6%, Sorghum 3.4% and exotic Chicken 0.9%. Other items include fresh Fish 2.6%, Ground Nuts 2.0%, Fresh vegetables 2.4%, Tomatoes 9.9%, onion 2.0% and Sugar 0.5%.
Non food items that contributed to the decrease include shoes 0.3%, ceramic items 1.0% and electronic gadgets 1.0%. At the same time Kwesigabo revealed that the value of Tanzanian shilling strengthened in August.

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